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Thread: Ben Dunne: Fianna Fáil Bank Guarantee Was Introduced To Protect Deposits Of Ireland's Super Rich in 2008

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    Default Ben Dunne: Fianna Fáil Bank Guarantee Was Introduced To Protect Deposits Of Ireland's Super Rich in 2008


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    Politics.ie Member linny55's Avatar
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    Sure everyone knows that.

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    Quote Originally Posted by linny55 View Post
    Sure everyone knows that.
    its just a bit of home truth?

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    Politics.ie Member Honecker's Avatar
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    Quote Originally Posted by linny55 View Post
    Sure everyone knows that.
    Our gutless media still refuse to admit it though

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    Any evidence for this other than the ramblings of a coke-addled, bitter old man?

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    He makes a very valid point

    people should get rid of their debt in 15 months
    instead of 20/30 years in debt

    by going bankrupt in UK
    people need to get their life back
    life is over very fast and people need to live
    instead of paying money to banks who duped them
    Why is the Legal Profession still SELF REGULATED in the year 2015, this is a crazy situation.

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    Quote Originally Posted by Honecker View Post
    Our gutless media still refuse to admit it though
    Well the media are part of, and go hand in hand with, the elite group that systematically misleads and disenfranchises the people. They are there to point us to follow the elite's agenda and to lead us away from ideas that will harm that agenda.

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    Ah jaysis

    the bank guarantee was not concerned directly with the super-rich bank deposits - it was more concerned with bonds which are treated equally under Irish law - particularly given that the Irish banks were funding long term loans with short-term international interbank borrowing- besides the "super-rich" at the time were all property developers who were doubling up their bets to beat the band and more - if they had that much cash saved by the guarantee - they would have had no problem paying off their loans instead of fecking off to more bankrupt friendly juristictions or going thru the bankruptcy grinder down in the four goldmines...........the serious rich irish.......ie Desmond,Smurfit etc etc all saw thru the bubble way before the rest and probably had nothing more than pocket money in the Irish banking system when it went tits up.......

    another day - another Ben dunne populist rant/theory for the plebs - we're getting used to it now

    have to say tho - he's a good advertisment for his fitness centres - fair play.
    Last edited by Ed O'Leary; 27th April 2013 at 01:19 PM.
    A politician thinks of the next election; a statesman thinks of the next generation. - James Freeman Clarke

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    Quote Originally Posted by kkkkkkkkkk View Post
    He makes a very valid point

    people should get rid of their debt in 15 months
    instead of 20/30 years in debt

    by going bankrupt in UK
    people need to get their life back
    life is over very fast and people need to live
    instead of paying money to banks who duped them
    Who pays a mortgage in 15 months??

    Bankruptcy is attractive in certain circumstances but you have to be prepared to lose all your assets, including the family home if seeking bankruptcy because of a mortgage. Ben Dunne's "solution" is workable for those with business debt. It's not really suitable for mortgage debt unless the borrower is looking to make a completely fresh start and then it does have merits. The costs were glossed over last night though.

  10. #10

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    Quote Originally Posted by zehuti View Post
    Well the media are part of, and go hand in hand with, the elite group that systematically misleads and disenfranchises the people. They are there to point us to follow the elite's agenda and to lead us away from ideas that will harm that agenda.
    that's why we have RTE a public media broadcaster to protect us from the agenda driven propaganda in the media... cough cough

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